Kevin Rudd (Griffith, Australian Labor Party, Prime Minister) Share this | Hansard source

Secondly, when you saw the explosion in public demand which occurred on the back of five per cent real expenditure growth through the government sector by those opposite in the previous year, you began to see the array of challenges faced by the Reserve Bank in bringing interest rates down. What you had was public demand effectively roaring along at great guns and no investment in terms of supply-side constraints in the economy as well. What does that lead to? An interest rate challenge—

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